- For Sale $5,250,000
- Property Type Other
- Property Size 106,860 SF
- Date Updated May 15, 2026
Description
Avison Young, as exclusive agent, is pleased to present the opportunity to acquire a diversified portfolio of bulk cooperative units (the “Portfolio”) across two well-located Bronx properties: 2830 Briggs Avenue and 3000 Valentine Avenue.
The Portfolio consists of twenty-eight (28) co-op units, including twenty-five (25) free market (“FM”) units (89% of the portfolio) and three (3) rent-stabilized (“RS”) units, offering a compelling combination of in-place cash flow and long-term value creation through regulatory turnover, unit repositioning, and selective unit sales. The unit mix includes two (2) studios, thirteen (13) one-bedrooms, twelve (12) two-bedroom one-bathroom units, and one (1) two-bedroom two-bathroom unit, with notably large layouts averaging 923 SF.
Highlights
- Attractive Basis Relative to Replacement Cost
- Majority free market (89%)
- Mark-to-Market Opportunity on FM units
- Near-Term Vacancy & Immediate Ability to Capture Upside Potential
- Renovation-Driven Value Creation
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Contacts
Avison Young - US - NY - New York
Avison Young - US - NY - New York
